I am sure many of you have been tracking this channel and trading inside it. The question is when it will break? There are no major news set for today (30/01/2015), the last trading day of the week and month, so I would expect the lower boundary to hold. Potential trades: 1) Buy in the region of 117.35-50 aiming for 118.40-50. Stop loss 117.10 or 116.8 (could...
About 1 hour ago I did an update regarding the price for the coming hours, which I predicted it will go down. This chart is focused on the bigger picture, as we need to cofirm the trend we are currently undergoing. In some previous chart I already pointed out that there was a possibility that the breakout we recently had was just a throw over of the ascending...
I'm now targeting the $265-$280 area. It turns out my descending triangle was actually a bullish descending wedge. I'm now long and watching $190 strong support. It may not be immediately, but somehow, sometime, we are going to reach that $270 area again. Price is bouncing at support as I type this, so I'm thinking this may be it despite the lack of a real...
We saw some big drops occuring in thoses first days of 2015. The bleeding touched at 255 (April 2013 old ATH) and we pretty quickly came back to 275 which is very important price. 275 being at the same time : long-time support for 2014 end, 2014 lowest price, first fib. retracement if we consider $4->$1165 being Wave 3. Check my previous charts to have...
3 ways to play this for $USDJPY: 1) Buy now with a tight stop loss around 118.50 2) Wait for the movement up to start before buying 3) Sell in the region 118.6-118.5 In case of 1 & 2 TP is the upper boundary of the channel above 120.50 in case of 3 first TP is around 117 region, however since it's $USDJPY we are shorting take care on being Long Yen, since there...
$DXY shows a break above a resistance level this week, but it has approached a potential resistance at the top of the channel seen on the daily level. We might see some consolidation back below 91. Something to bear in mind for shorting oversold $EURUSD $GBPUSD
UPDATE: Chart is nulled. Principles appear to be sound. Now that the recent movement has found its temporary bottom at the 320ish support level...let's catch the flip side and make some booze money for the weekend. The point of the chart is to show that (1) that a correction is taking place, and (2) that it has the potential to be substantially larger than...
1. Each bottom represents an approximate $60 increase from the previous one ($55-$115-$175-$235) and on Friday we closed just above $235. 2. TSLA rebounded off of the orange trend line twice, seems like its going for a third time. 3. $235-$240 level has a history of being a support/resistance level dating back to March of this year. 4. The RSI shows TSLA is...
Markets are oversold. VLCCF is at a channel bottom. The fib line is 2 points away.
After getting crushed down to below IPO levels, FEYE seems to have found momentum and is coming close to reaching resistance levels of $40-42. I expect FEYE to reach $50 in the near future